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hot_warm_cold_wallets [2024/05/06 19:00]
114.119.139.53 old revision restored (2024/02/07 07:41) 		hot_warm_cold_wallets [2024/05/06 19:22]
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 ===== Hot, Warm and Cold Wallets ===== ===== Hot, Warm and Cold Wallets =====
-The categories of wallets are based on the security of your coins and if you hold the key or not. These categories were, in part, created by [[https://twitter.com/NajahRoberts|Najah Roberts]] from the [[https://www.blackbitcoinbillionaire.com/|Black Bitcoin Billionaire]] club.+The categories of wallets are based on the security of your coins and if you hold the key or not.
  
-[[Wallet_List|Here is just the list of wallets]] +In a **hot wallet**, also know as a custodial wallet, **the company that created the wallet holds your Bitcoin**. Some platforms only give you price exposure and don't neccessarly hold the asset. These platforms simply make you a promise they will give you the amount gained in USD when you decide to exit your position. Some platforms do hold the actual asset and will allow you to move that asset to your own non-custodial wallet. Examples of platforms that will allow you to move your Bitcoin are [[https://www.gemini.com/|Gemini]], [[https://www.kraken.com/en-us/|Kraken]], [[https://www.swanbitcoin.com/|Swan Bitcoin]] and [[https://cash.app/|Cashapp]]. Examples of platforms that only give you price exposure are WeBull, RobbinHood and SoFi.
- +
-In a **hot wallet**, also know as a custodial wallet, **the company that created the wallet holds your Bitcoin**. Some platforms only give you price exposure and don't neccessarly hold the asset. These platforms simply make you a promise they will give you the amount gained in USD when you decide to exit your position. Some platforms do hold the actual asset and will allow you to move that asset to your own non-custodial wallet. Examples of platforms that will allow you to move your Bitcoin are: +
-  * [[https://theblackwallstreet.com/|The Black Wallstreet Wallet]] +
-  * [[https://cash.app/|Cashapp]] +
-  * [[https://www.gemini.com/|Gemini]] +
-  * [[https://www.kraken.com/en-us/|Kraken]] +
-Examples of platforms that only give you price exposure are WeBull, RobbinHood and SoFi.+
  
 In a **warm wallet**, you have the keys so you are in full control of your Bitcoin. **Warm wallets are those that are not on a device dedicated for storing your Bitcoin**, such as a phone or computer. Being on a device that is exposed to the internet and a lot of other applications makes the wallet less secure, not by the nature of the wallet software itself, but by the nature of the device the wallet is on. Below is a list of warm wallet examples: In a **warm wallet**, you have the keys so you are in full control of your Bitcoin. **Warm wallets are those that are not on a device dedicated for storing your Bitcoin**, such as a phone or computer. Being on a device that is exposed to the internet and a lot of other applications makes the wallet less secure, not by the nature of the wallet software itself, but by the nature of the device the wallet is on. Below is a list of warm wallet examples:
   * [[https://muun.com/|Muun]]   * [[https://muun.com/|Muun]]
-  * [[https://www.exodus.com/|Exodus]]+  * [[https://www.exodus.com/|Exidous]]
   * [[https://edge.app/|Edge]]   * [[https://edge.app/|Edge]]
   * [[https://bluewallet.io/|Blue]]   * [[https://bluewallet.io/|Blue]]
  
-In a **cold wallet**, **you have the keys and you are using a dedicated device to store them**. Having a dedicated device makes it easier for the developer to secure the device as the attack surface for the device is very small. There are many to choose from but, below is a list of cold wallet examples:+In a **cold wallet**, **you have the keys and you are using a dedicated device to store them on**. Having a dedicated device makes it easier for the developer to secure the device as the attack surface for the device is very small. There are many to choose from but, below is a list of cold wallet examples:
   * [[https://trezor.io/|Trezor]]   * [[https://trezor.io/|Trezor]]
   * [[https://www.ledger.com/|Ledger]]   * [[https://www.ledger.com/|Ledger]]
   * [[https://coldcard.com/|Cold Card]]   * [[https://coldcard.com/|Cold Card]]
-  * [[https://opendime.com/|Open Dime]]* 
- 
-Special Note: An "**Ice Cold Wallet**" is a paper wallet. Paper wallets are usually provided by Bitcoin ATMs. Because they are non-digital by nature the attack surface is zero. The down-side is they must be swept to another wallet to make your Bitcoin spendable. 
- 
-* Open dime is a special kind of hardware wallet, there is a seal on the device and once it's open it will give anyone with the device access to the private key. Unlike the other hardware wallets there is no pin code needed to access the device. 
hot_warm_cold_wallets.txt · Last modified: 2024/05/19 05:53 by 158.220.124.128

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